Granta continues to revamp their web site, now featuring articles and interviews that will not appear in the print magazine. They have finally added RSS feeds as well. Helen Chase, wife of William Chase and a former editor of Chase’s Calendar of Events died after a battle with Parkinson’s Disease. She co-managed Chase’s Calendar from its inception in 1957 until McGraw-Hill acquired it in 1989, and remained involved in the publishing process “right up until the last day of her life.” On April 6 John Mackey will join Oxford University Press as the Barnes & Noble national accounts manager. He […]
Archives for April 2009
Borders' Sales and Margins Continue to Fall, But At Least their Debt Is Smaller
Fourth quarter sales at Borders were $1.1 billion overall, down 12.9 percent from a year ago. The superstores comprised $816.1 million, down 15.3 percent on a same-store sales basis (and book comps were down 11.7 percent), and 14.8 percent overall. Waldenbooks accounted for $195.6 million in sales, down a more modest 4.7 percent on a same-store basis, and down 14.3 percent overall. International sales added $43.2 million, and Borders.com did $26.4 million in business. The company had net writedowns totaling $34.9 million in the quarter. Goodwill impairment was the largest charge, followed by store closures and severance costs. Adjusted income […]